Technical Analysis USD/CHF 05/10/2018
The USD/CHF currency pair continues to move within the ascending channel. At the moment, we should expect an attempt to test the lower border of the channel near the area of 1.0020 (MA 100) and the continuation of the growth of the US dollar against the Swiss Franc with a target above 1.0100 level.
In favor of the growth of the Dollar Franc pair will perform a trend line test on the RSI indicator. The cancellation of the USD/CHF growth variant will be the fall and breakdown of the area of 0.9980 (MA 200), which will indicate the breakdown of the lower boundary of the rising channel and the continuation of the fall into the area below the level of 0.9800.
Created by Joshua Hayn